Well, different forecasters and investors have varied perspectives on what SushiSwap will be worth in the next 10 years. The more optimistic are confident that SUSHI will have reached above $300 in the next 10 years, while the conservatives feel like it could be trading around $100.
Technical analysts at PricePrediction.net, for instance, have a moderate view of SushiSwap’s future price performance and believe the DeFi token will most likely storm into 2031 selling for more than $300.
Overall, everyone is confident that SushiSwap will continue building on the positive momentum it has created over the 17 months it has been around. They are also confident that as it enters into more partnerships, probably after the crypto-verse achieves interoperability, and as the crypto market recovers and DeFi blows, SUSHI will resume its early 2021 crypto market rally and grow its price to unimaginable heights.
Like every other long term crypto investor, you too are probably wondering - so how high can SushiSwap price reach in 10 years? What factors will influence SUSHI’s price for the next 10 years, and when can we expect SushiSwap to reach $100?
We answer all these in this SushiSwap price prediction guide.
SushiSwap (SUSHI) Price Predictions 2030 - 2031
As we watched SUSHI launch trading at $1.2 rise to set a price record of $23, tumble below $2, and rise again to trade around $9 - all in 15 months - one thing became quite clear, that SUSHI is a hugely resilient crypto asset.
Moving forward, with SUSHI currently trading at $4.78, experts are hopeful the DeFi token will continue building on this resilience and resume a positive uptrend in pushing its value up. Over the next 10 years, the majority are confident that SUSHI prices most likely rise and hit unprecedented heights.
Technical analysts at PricePreduction.Net, for instance, believe that SushiSwap token prices will sustain a moderate value gain over the next few years and that they could appreciate by more than 6175% to reach $300 in the next 10 years.
These sentiments are echoed by yet another technical analysis website CryptocurrencyPricePrediction. Here, they are a tad more optimistic about the DeFi token’s future price performance because they expect SUSHI to have a fast rebound that takes it to $100 by 2026 and helps it scale above $275 by the end of 2030.
Generally, the majority in the crypto community expect SushiSwap token prices to continue rising for the next few years. Even the historically conservative analysts at Captain Altcoin agree that SUSHI will sustain its current uptrend. The only difference is they do not believe the Uniswap hard fork has what it takes to break above $100 in the next 10 years.
Crypto experts like Jeff Dorman, CIO at Arca Invest and former COO of Harvest Exchange, have also voiced their support for an uptrending SUSHI future. Jeff, for instance, describes SushiSwap as one of the most undervalued crypto projects, adding that it will undergo an upward price correction soon and go on to set new price records over the next few years.
But what price drivers are these experts and analysts counting on to push SUSHI token prices upwards over the decade?
Don't Miss: Is SushiSwap A Good Investment?
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Factors That Will Determine The Price Of SushiSwap (SUSHI) In 10 Years?
Blockchain and DeFi adoption
As the adoption of blockchain technology takes root across the world, analysts are confident that the demand for such decentralized finance services as the SushiSwap DEX will rise. In early 2021, the debate about an impeding DeFi explosion dominated crypto discussions, and though it has died down, especially after the crypto market crash in the last half of the year, a section of analysts are convinced it will come about. When it doesn’t, it is expected to popularize DeFi technologies like DEXs, whose resultant impact will be rising SUSHI token prices.
Community support
Even with the never-ending controversy, SushiSwap has still managed a buzzing online community. This group has played a pivotal role in hyping the DeFi token and popularizing SushiSwap network achievements, which has, in turn, helped attract potential investors and ramp up SUSHI token prices.
The onboarding of more SushiSwap enthusiasts and further expansion of the SushiSwap community is expected to continue playing a key role in fueling SUSHI’s uptrend.
Developments and partnerships
SushiSwap has made several in-network developments and strategic partnerships over the last year that have played a key role in boosting SUSHI token prices. Some like the Bentobox lending platform, the Miso Launchpad, and new integrations like the recent cross-chain link with Rune and MoonBeam have played a critical role in sparking mini price rallies that helped SUSHI survive the mid-2021 crypto market crash.
Moving forward, planned upgrades to the SushiSwap network and upcoming partnerships such as the proposed merger with Bancor are expected to continue playing a pivotal role in driving up SUSHI token prices.
Crypto market performance
Looking at the SushiSwap token price chart throughout 2021, you will realize that the altcoin’s price action mirrors the overall market performance. When the crypto market rallies, SUSHI prices rise and vice versa. This is evidenced by the early 2021 crypto market rally that saw SUSHI set a new ATH, the mid-May crash that saw the token dip below $2, and the mini-recovery in the last quarter of the year that had SUSHI climb towards $15 before sliding back and settling $7 throughout December 2021. The bear market further dropped SUSHI's price to under $5 but if the market rebounds, so will SushiSwap's price.
Will SushiSwap (SUSHI) Eventually Reach $100?
Yes, it is highly likely that SushiSwap will reach $100 in the next few years. The majority of crypto analysts and investors are especially convinced that SushiSwap has all it needs to grow its value by the 1990% required to hit $100 within the next 5 years.
The most optimistic are even convinced that SushiSwap could reach $100 before 2025.
Crypto analysts at CoinQuora, for instance, anticipate a speedy rebound for SUSHI that pushes its above $45 by December 2022 and well above $75 in 2023, before SushiSwap breaking above $100 in early 2024.
Gov.Capital, which uses a mix of technical analysis and machine learning to forecast crypto prices, is equally bullish about SUSHI’s future performance. They are confident the SushiSwap DeFi token can grow its value by as much as 120% in the next 12 months to reach $10.50 by December 2022 before extending this uptrend and rising above $50 by the end of January 2024.
Check Out: What Will SushiSwap (SUSHI) Be Worth In 2025?
Conclusion: What Will SushiSwap (SUSHI) Be Worth In 10 Years?
In truth, no one can tell with utmost accuracy what SushiSwap will be worth in the next few days, let alone many years down the line. Overall, however, there is a huge possibility that SushiSwap token prices will continue rising for the next 10 years. The majority of crypto experts and investors are convinced that SushiSwap can rise above its current all-time high within the next 5 years and proceed to reach between $77 and $275 by 2030.
They, however, are quick to acknowledge the numerous factors that they believe will play a pivotal role in determining SUSHI price direction and how high its value reaches in 10 years. The most impactful, according to these experts, will include the rate with which blockchain and DeFi ecosystem are adopted, the SushiSwap community, the crypto market performance, and in-network developments and partnerships.
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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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